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Segment Information - Schedule of Business Segment Financial Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
 [1]
Segment Reporting Information [Line Items]      
Interest income $ 272,094 $ 204,740  
Interest expense (244,152) (180,530)  
Net Interest Income 27,942 24,210  
Non-Interest Income      
Mortgage banking activities, net, excluding risk management derivatives 15,211 8,958  
Risk management derivatives (losses) gains, net 17,842 5,598  
Total Mortgage banking activities, net 33,053 14,556  
Investment fair value changes, net (5,188) 21,837  
HEI income, net 10,166 9,086  
Servicing income, net 3,407 4,225  
Fee income, net 2,351 1,001  
Other income (loss), net 1,550 (775)  
Realized gains, net 567 409  
Total non-interest income, net 45,906 50,339  
General and administrative expenses (37,471) (34,569)  
Portfolio management costs (6,491) (3,597)  
Loan acquisition costs (3,568) (2,237)  
Other expenses (3,909) (3,361)  
(Provision for) benefit from income taxes (6,262) (523)  
Net Income 16,147 30,262  
Total Assets 19,871,775 [1] 15,057,974 $ 18,258,344
Activities Excluding Risk Management Derivatives      
Non-Interest Income      
Investment fair value changes, net (25,819) 17,456  
Risk Management Derivatives      
Non-Interest Income      
Investment fair value changes, net 20,631 4,381  
Sequoia Mortgage Banking      
Non-Interest Income      
Total Mortgage banking activities, net 22,151 7,827  
CoreVest Mortgage Banking      
Non-Interest Income      
Total Mortgage banking activities, net 10,902 6,729  
Operating Segments | Sequoia Mortgage Banking      
Segment Reporting Information [Line Items]      
Interest income 31,683 14,313  
Interest expense (13,339) (8,266)  
Net Interest Income 18,344 6,047  
Non-Interest Income      
Mortgage banking activities, net, excluding risk management derivatives 1,364 4,738  
Risk management derivatives (losses) gains, net 20,787 3,089  
Total Mortgage banking activities, net 22,151 7,827  
Investment fair value changes, net 0 0  
HEI income, net 0 0  
Servicing income, net 0 0  
Fee income, net 0 0  
Other income (loss), net 0 0  
Realized gains, net 0 0  
Total non-interest income, net 22,151 7,827  
General and administrative expenses (6,346) (4,789)  
Portfolio management costs 0 0  
Loan acquisition costs (1,071) (572)  
Other expenses 0 0  
(Provision for) benefit from income taxes (7,261) (1,494)  
Net Income 25,817 7,019  
Total Assets 1,559,117 594,842  
Operating Segments | Sequoia Mortgage Banking | Activities Excluding Risk Management Derivatives      
Non-Interest Income      
Investment fair value changes, net 0 0  
Operating Segments | Sequoia Mortgage Banking | Risk Management Derivatives      
Non-Interest Income      
Investment fair value changes, net 0 0  
Operating Segments | CoreVest Mortgage Banking      
Segment Reporting Information [Line Items]      
Interest income 4,394 3,771  
Interest expense (2,389) (2,877)  
Net Interest Income 2,005 894  
Non-Interest Income      
Mortgage banking activities, net, excluding risk management derivatives 13,847 4,220  
Risk management derivatives (losses) gains, net (2,945) 2,509  
Total Mortgage banking activities, net 10,902 6,729  
Investment fair value changes, net 0 0  
HEI income, net 0 0  
Servicing income, net 0 0  
Fee income, net 3,079 626  
Other income (loss), net 0 0  
Realized gains, net 0 0  
Total non-interest income, net 13,981 7,355  
General and administrative expenses (10,597) (11,425)  
Portfolio management costs 0 0  
Loan acquisition costs (2,497) (1,663)  
Other expenses (2,202) (2,806)  
(Provision for) benefit from income taxes 648 2,136  
Net Income 1,338 (5,509)  
Total Assets 343,985 383,090  
Operating Segments | CoreVest Mortgage Banking | Activities Excluding Risk Management Derivatives      
Non-Interest Income      
Investment fair value changes, net 0 0  
Operating Segments | CoreVest Mortgage Banking | Risk Management Derivatives      
Non-Interest Income      
Investment fair value changes, net 0 0  
Operating Segments | Redwood Investments      
Segment Reporting Information [Line Items]      
Interest income 235,721 184,898  
Interest expense (212,268) (155,299)  
Net Interest Income 23,453 29,599  
Non-Interest Income      
Mortgage banking activities, net, excluding risk management derivatives 0 0  
Risk management derivatives (losses) gains, net 0 0  
Total Mortgage banking activities, net 0 0  
Investment fair value changes, net (5,108) 21,187  
HEI income, net 10,166 9,086  
Servicing income, net 3,407 4,225  
Fee income, net (728) 375  
Other income (loss), net 370 170  
Realized gains, net 567 314  
Total non-interest income, net 8,674 35,357  
General and administrative expenses (1,365) (2,175)  
Portfolio management costs (6,491) (3,588)  
Loan acquisition costs 0 0  
Other expenses (1,707) (555)  
(Provision for) benefit from income taxes 304 (1,146)  
Net Income 22,868 57,492  
Total Assets 17,601,951 13,692,180  
Operating Segments | Redwood Investments | Activities Excluding Risk Management Derivatives      
Non-Interest Income      
Investment fair value changes, net (25,739) 16,806  
Operating Segments | Redwood Investments | Risk Management Derivatives      
Non-Interest Income      
Investment fair value changes, net 20,631 4,381  
Corporate/ Other      
Segment Reporting Information [Line Items]      
Interest income 296 1,758  
Interest expense (16,156) (14,088)  
Net Interest Income (15,860) (12,330)  
Non-Interest Income      
Mortgage banking activities, net, excluding risk management derivatives 0 0  
Risk management derivatives (losses) gains, net 0 0  
Total Mortgage banking activities, net 0 0  
Investment fair value changes, net (80) 650  
HEI income, net 0 0  
Servicing income, net 0 0  
Fee income, net 0 0  
Other income (loss), net 1,180 (945)  
Realized gains, net 0 95  
Total non-interest income, net 1,100 (200)  
General and administrative expenses (19,163) (16,180)  
Portfolio management costs 0 (9)  
Loan acquisition costs 0 (2)  
Other expenses 0 0  
(Provision for) benefit from income taxes 47 (19)  
Net Income (33,876) (28,740)  
Total Assets 366,722 387,862  
Corporate/ Other | Activities Excluding Risk Management Derivatives      
Non-Interest Income      
Investment fair value changes, net (80) 650  
Corporate/ Other | Risk Management Derivatives      
Non-Interest Income      
Investment fair value changes, net $ 0 $ 0  
[1] Our consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to Redwood Trust, Inc. or its affiliates. At March 31, 2025 and December 31, 2024, assets of consolidated VIEs totaled $15,936,091 and $14,654,942, respectively. At March 31, 2025 and December 31, 2024, liabilities of consolidated VIEs totaled $14,825,826 and $13,620,239, respectively. See Note 16 for further discussion.